Bitcoin Foundation For A Mid-Term Breakout Remains Thin, Cost Basis Data Shows
On-chain analytics firm Glassnode has highlighted how Bitcoin has only seen a relatively thin accumulation band form during the recent consolidation range. Bitcoin STH CBD Shows Accumulation Remains Thin In a new post on X, Glassnode has talked about the latest trend in the Bitcoin Cost Basis Distribution (CBD) of the short-term holders. The CBD here refers to an indicator that tells us about the amount of supply that was purchased at the various price levels visited by BTC in its history. Related Reading: Bitcoin Returns Mirror Late-2022 Levels Seen Before 67% Rally: Santiment The CBD of the short-term holders (STHs) specifically tracks this for the supply that was purchased within the past 155 days
BTC
USDT
Disclaimer: This content is provided via CryptoPanic and third-party sources. Tothemoon does not create, verify, or endorse this content and makes no guarantees as to its accuracy. The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. It is provided for informational purposes only and is not investment advice.
